3517 Montclair St - Apartments FOR SALE


Los Angeles, CA 90018- West Adams
$1,625,000 USD
310-469-9012
3517 Montclair St, Los Angeles, CA for Sale
$1,625,000 USD
Apartments - FOR SALE
1/8
null | 5.87% Cap Rate

3517 Montclair St
Los Angeles, CA 90018
West Adams


HIGHLIGHTS

  • Stabilized eight-unit 5 building bungalow community with strong renter appeal
  • 3 units can be delivered vacant, and 2 garages have potential to be converted to ADUs, one of which has recently been fully remodeled. Buyer to verify
  • Large 700 SF bungalow-style units

OVERVIEW

3517 Montclair Street presents a rare opportunity to acquire an eight 700 SF bungalow-style units in the rapidly revitalizing West Adams and Jefferson Park corridor. The units are arranged around an open central courtyard,offering inherent charm, strong renter appeal, and great in-place income supported by a current 5.87% cap rate. 3 units can be delivered vacant, and there are 2 garages which have the potential to be converted, one of which has recently been fully remodeled and in brand new condition. With a low cost basis of $203,125 per unit and $295 per square foot, investors gain immediate cash flow with clear upside through rental growth and optional ADU conversion of two existing garages. The surrounding neighborhood continues to benefit from new dining, transit improvements, and active mixed-use development, positioning this asset for durable long-term appreciation.

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

8

PRICE/UNIT

$203,125

CAP RATE

5.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Family with 5.87% CAP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,994 SF

ZONING

R1

APN/PARCEL ID

5051-017-007

ASK ABOUT THIS PROPERTY

Jake ZacutoZacuto GroupMore Info
310-469-9012

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Jake ZacutoZacuto GroupMore Info
310-469-9012

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.